Bloomberg Law
May 17, 2022, 12:58 PM

Wake Up Call: LeClairRyan Trustee Settles UnitedLex Case for $21M

Rick Mitchell
Rick Mitchell
Freelance Correspondent

In today’s column, a new ABA survey finds progress by Big Law firms on diversity but white males are still dominating partnerships; a Hogan Lovells internal memo provides details on what it takes to become partner at the firm; TRM Labs hired the Justice Department’s former cyber digital task force head as general counsel.

  • Leading off, the Chapter 7 bankruptcy trustee for defunct Richmond law firm LeClairRyan has agreed to a $21 million settlement with legal services giant UnitedLex, according to reports citing court transcripts. The trustee’s lawsuit, alleging that LeClairRyan’s joint venture with UnitedLex greased its slide into bankruptcy, ...

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